In addition, executives are forecasting another 15 percent in revenue growth for the current fiscal year.

"We are pleased to report continuing strong financial results for our fourth quarter as well as the completion of a very successful fiscal 2014," said Anil Singhal, president and CEO of NetScout, in a statement.

The company operates on an April 1-to-March 31 fiscal year.

For the three-month period ending March 31, NetScout reported net income of $16.7 million, or 40 cents per share, up from $18.1 million (34 cents per share) in the comparable year-ago period.

Quarterly revenue was $112.3 million, up from $98.1 million.

For all of fiscal 2014, net income totaled $49.1 million ($1.17 per share) on revenue of $396.6 million, compared with net income of $40.6 million (97 cents per share) on revenue of $351.8 million.

Singhal credited the results with the launch of NetScout's nGeniusONe product, continued market-share gains in providing service and in "our complementary packet-flow switch product line."

Management projects earnings of between $1.36 and $1.43 per share in the fiscal year that began this month, on revenue of between $450 million and $465 million.

Shares of NetScout closed Friday at $38.

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44, down 26 cents, on the Nasdaq, after gaining nearly $3 the day before.

The financial results were announced Thursday morning.

NetScout is headquartered at 310 Littleton Road. It employs more than 1,000 worldwide.

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